The Labour Party has announced its intention to carry out an “in-government pensions and retirement savings review” if it wins the next general election.
The Pensions and Lifetime Savings Association (PLSA) has outlined establishing the possible role of the UK pensions industry to boost growth in the UK economy as its key strategic goal for 2024.
More than one third (35%) of industry professionals are concerned about the stability of the funding of defined benefit (DB) pensions, according to a recent PA Asks survey.
UK adults with a defined benefit (DB) pension scheme are more retirement confident than those with a defined contribution (DC) arrangement, Nucleus Financial has found.
Half (50%) of defined benefit (DB) trustees now have an endgame strategy in place, research from Standard Life has found, however barriers to pursuing the goal remain for some.